Job Description

Reporting to the Acquire to Retire Team Lead , the analyst will be responsible for accurate and timely accounting for tangible and intangible assets and maintaining proper records that will facilitate accurate and up to date tracking of all the company assets. They are also responsible for reconciliation of inventory accounts, accurate stock valuation, ageing of inventories, preparation of inventory accounts schedules, Stock take and stock planning.

Responsibilities

• Monthly and accurate fully analyzed asset schedules per category of assets broken down into cost, additions, adjustments, disposals, depreciation, and net book value.
• Accurate reconciliations between assets account movements in the purchase ledger with a clean trail of supporting documentation.
• Nil adjustments arising from implementation due to assets put into use not yet capitalized.
• Nil adjustments for assets in CWIP which are in use but have not yet been capitalized.
• Full and accurate analysis of disposals and accurate posting to Oracle.
• Nil adjustments on depreciation charged to P&L due to erroneous computations.
• Nil exceptions on review of assets on ground as per the tag numbers to assets in the fixed assets register.
• Physical verification report at least once in every 2 years.
• Reconciliation of assets in the fixed assets register with general ledger balances and Hyperion reporting requirements.
• Complete and accurate analysis of assets adjustments and a proper computation of depreciation related to the adjustments monthly by 1st working day.
• Complete and accurate analysis of CWIP for all categories, including a justification for any items outstanding in the CWIP account for more than six months.
• Accurate list of decommissioned sites, broken down into cost, accumulated depreciation, and net book value
• Monthly and accurate inventory valuation, Inventory holding report, cost of sales schedules, retention costs schedules and provisions for obsolescence.
• Submit accurate daily movement report in stock ledger synchronizing purchase ledger and sales ledger movements.
• Accurate weekly report on stock valuation report on all warehouses and adjustments proposal to align sub inventory weighted average costings to the latest weighted average cost.
• Physical verification report at least twice annually.
• Nil transactions processed through general ledger for stock transactions.

Health & Safety

• Uphold the company code of conduct, policies and procedures, ensuring integrity and accountability in every aspect of your work
• All employees have a responsibility to adhere to safety, health, and wellbeing policies.

Functional Competencies:

Planning and Control

• Analyses performance trends to determine the health of the business.
• Steers business performance by using strategy and external data to help set goals.
• Translates strategies into actionable plans that add value via process and operational improvements
• Maintains controls within Financial Systems through setup control and master data management.

Accounting

• Prepares, analyses, and summarizes financial data to support business operations and delivery statutory information.
• Ensures the integrity of processes and systems to record and authorize transactions in compliance with Safaricom accounting policies and regulation.

Reporting

• Delivers timely and accurate reports to satisfy statutory and business requirements.
• Identifies key performance and variances and provides recommendations.
• Delivers reports to satisfy statutory and business requirements.
• Combines expertise and commercial awareness to deliver value added solutions.

Financial Responsibility

• Compiling accurate financial information regarding all the inventory items in the business
• Monitoring the timely recognition of Cost of Sales and inventory holding in the financial Accounts
• Computing and reporting accurately the costs, provisions and inventory ageing in the P&L and the balance sheet. Provide information for insurance purposes from the financial records

Qualifications

• Business related bachelor’s degree from a recognized university.
• Qualified accountant with CPA (K)/ACCA/CIMA/ACA is a must.
• 2-3 years post qualification experience in finance with specialization in one or two areas of financial accounting i.e., fixed assets, Inventory accounting, sub-ledger accounting, statutory reporting.
• Proficiency in data analytics and visualization tools such as Excel, Power BI, Qlik etc.
• Sound knowledge of the International Financial Reporting Standards and their application.
• Ability to relate well with both internal and external customers and work in teams